Signs of strengthening demand emerge as thin supply constrains market

Sales of newly built homes rebounded and prices rose briskly in April, signs of rising demand in a housing market constrained by tight supplies.

New-home sales climbed 6.8% from March to a seasonally adjusted annual rate of 517,000, the Commerce Department said Tuesday. The median price of a new home sold in April stood at $297,300, up 8.3% from...